Gold has been up undisputably. Investor are kept pumping in Cash!
US $ will get weaker but Gold will be Up and Up. more Value than Paper money.
Strong trend that shows bullish in All MAs after years of consolidation.
Where it ends , I don't know but keep riding the waves are smarter choice.
Keep going QAU !
1) Target $21
QAU etf has broken out
on the month chart. bullish as gold is also bullish
the central bankers are still inflationary even with their
increasing interest rates. Govt spending is still
through the roof to maintain this bubble effect.
18.92 will be retested again in the coming months.
and if a breakout will happen, expect QAU to double
and gold to be circa $3000 USD
QAU failed to close above the channel a few months ago and now looking more bearish.
OBV, RSI, MACD, and volume are bearish for QAU.
We could see more downside in the midterm.
